Sunrun (NASDAQ:RUN) Given New $30.00 Price Target at Roth Mkm

Sunrun (NASDAQ:RUN) had its price objective lowered by Roth Mkm from $35.00 to $30.00 in a report published on Friday,Benzinga reports. Roth Mkm currently has a buy rating on the energy company’s stock.

Other equities research analysts also recently issued reports about the stock. UBS Group increased their price target on shares of Sunrun from $14.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Morgan Stanley reissued an “overweight” rating and set a $35.00 target price on shares of Sunrun in a report on Tuesday, September 24th. Oppenheimer lowered their target price on Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Sunrun from $12.00 to $16.50 and gave the stock a “hold” rating in a research note on Thursday, August 8th. Finally, StockNews.com raised Sunrun to a “sell” rating in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.33.

Sunrun Stock Down 11.8 %

Sunrun stock traded down $1.37 during midday trading on Friday, reaching $10.23. The stock had a trading volume of 29,577,491 shares, compared to its average volume of 12,005,911. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.31 and a current ratio of 1.66. Sunrun has a 1-year low of $8.82 and a 1-year high of $22.26. The stock has a market capitalization of $2.29 billion, a P/E ratio of -5.62 and a beta of 2.61. The firm’s fifty day simple moving average is $16.60 and its 200-day simple moving average is $15.39.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.88. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. The company had revenue of $523.87 million during the quarter, compared to the consensus estimate of $516.76 million. During the same quarter last year, the firm posted $0.25 EPS. The company’s quarterly revenue was down 11.2% on a year-over-year basis. As a group, analysts expect that Sunrun will post -0.17 EPS for the current fiscal year.

Insider Transactions at Sunrun

In other Sunrun news, insider Jeanna Steele sold 2,357 shares of Sunrun stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $18.23, for a total value of $42,968.11. Following the sale, the insider now owns 308,260 shares of the company’s stock, valued at $5,619,579.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Sunrun news, insider Jeanna Steele sold 2,357 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $18.23, for a total transaction of $42,968.11. Following the sale, the insider now directly owns 308,260 shares of the company’s stock, valued at $5,619,579.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $20.20, for a total value of $1,010,000.00. Following the completion of the sale, the director now directly owns 1,192,446 shares of the company’s stock, valued at $24,087,409.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 155,840 shares of company stock valued at $2,755,487 over the last 90 days. Company insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RUN. Victory Capital Management Inc. grew its stake in Sunrun by 1.5% during the 2nd quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock worth $538,000 after buying an additional 691 shares during the last quarter. Creative Planning increased its holdings in shares of Sunrun by 0.3% during the third quarter. Creative Planning now owns 290,259 shares of the energy company’s stock valued at $5,242,000 after acquiring an additional 784 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Sunrun by 1.8% in the third quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock worth $905,000 after buying an additional 886 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in Sunrun by 6.0% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,690 shares of the energy company’s stock worth $186,000 after acquiring an additional 895 shares during the period. Finally, &PARTNERS lifted its holdings in shares of Sunrun by 1.6% during the second quarter. &PARTNERS now owns 63,244 shares of the energy company’s stock worth $698,000 after purchasing an additional 1,019 shares during the period. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Sunrun Company Profile

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.